Fed’s Evans says he supports further rate hikes this year

One of the Federal Reserve’s most consistent supporters of low interest rates on Wednesday said he is with the majority of his colleagues in supporting further rate hikes this year, given progress on the U.S. central bank’s goals of full employment and stable inflation. A drop in the U.S. jobless rate to 4.7 percent, near what many economists see as full employment…

Fed could hike interest rates two more times this year, says Fed’s Evans

The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggressive depending on inflation and fiscal policies from the Trump administration, a Fed rate-setter said on Monday. The public comments from Chicago Fed President Charles Evans were among the first since the U.S. central bank lifted its policy rate a notch last week, as expected…

Fed should engineer policy to allow inflation to overshoot its target: Fed’s Evans

The U.S. Federal Reserve should engineer monetary policy to spur inflation to rise above its two-percent target because the costs of doing so are less than in past decades, Chicago Federal Reserve Bank President Charles Evans said on Tuesday. “I see benefits to trying to engineer policy to allow for the strong possibility of inflation overshooting its target,” Evans said at an event in Sydney, Australia…

Fed’s Evans says ‘wait and see’ monetary policy is appropriate on further rate hikes

The U.S. economy’s fundamentals are solid and growth this year should pick up to around 2.5 percent, but the Federal Reserve’s current ‘wait and see’ approach to monetary policy is appropriate, a Fed policymaker said on Monday. Charles Evans, president of the Chicago Fed, also said he would welcome a temporary overshoot in inflation to lift consumer price growth up to the Fed’s longer-term target of 2 percent and raise overall inflation expectations from current low levels…

Financial market’s expectations on U.S. rate hike more pessimistic: Fed’s Evans

Financial markets are more pessimistic than the U.S. central bank in their pricing of U.S. interest rate hikes, Chicago Fed President Charles Evans said on Tuesday. “Market expectations are pricing in a 20 percent likelihood of things deteriorating from here,” said Evans during an investor conference in the Asian financial hub, citing recent surveys. “I don’t have that outlook. In general, financial market expectations are more pessimistic than ours.”…

Fed’s Evans says ‘no compelling reason’ to hurry and raise interest rates

(Reuters) – Chicago Federal Reserve President Charles Evans said on Wednesday he was concerned the strong dollar’s “clear disinflationary pressure” could get embedded in expectations. That could make it even harder for the Fed to reach its 2 percent inflation target, he said, although the strength’s impact on inflation – lowering the cost of imports – would be short-lived…

Job growth likely to improve but inflation outlook is ‘worrisome’: Fed Evans

(Reuters) – The U.S. economy is likely to continue to grow fast enough to generate continued job growth, but the outlook for inflation is “more worrisome,” a top Federal Reserve official said on Wednesday. “I don’t think we should be in a hurry to raise rates,” said Charles Evans, president of the Chicago Federal Reserve Bank…

Fed should be ‘extraordinarily patient’ on raising interest rates: Fed’s Evans

(Reuters) – The Federal Reserve should be “extraordinarily patient” when it comes to raising interest rates, because doing so too soon could choke off recovery and force the U.S. central bank to cut rates back to zero again, a top Fed official said on Friday. While asserting his optimism that the economy will grow at a 3-percent pace over the next 18 months or more…

Fed’s Evans urges patience in raising rates, let inflation rise above Fed’s target

(Reuters) – The Federal Reserve should err on the side of caution in its coming decision about when to raise interest rates for fear of upending the U.S. recovery in a weak world economy, Chicago Federal Reserve President Charles Evans said on Monday. “The biggest and costliest downside risk is that in our haste to get back to ‘business as usual’ monetary policy…

U.S. dollar strength putting downward pressure on inflation: Fed’s Evans

(Reuters) – A stronger dollar and weak global inflation are putting downward pressure on the pace of price increases in the U.S. economy, posing a challenge for the Federal Reserve, a top Fed official said on Saturday. “The dollar, it puts downward pressure on our inflation,”…

Daily Forex Market Review 10/08/14 (+72 pips)

Today’s Trade Result: +72 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

Daily Forex Market Review 09/29/14 (+25 pips)

Today’s Trade Result: +25 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

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